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Simulation and evaluation of zonal electricity market designs

Hesamzadeh, Mohammad Reza; Holmberg, Pär; Sarfati, Mahir - 2018

Zonal pricing with countertrading (a market-based redispatch) gives arbitrage opportunities to the power producers located in the export-constrained nodes. They can increase their profit by increasing the output in the dayahead market and decrease it in the real-time market (the inc-dec game)....

Persistent link: https://www.econbiz.de/10011852449

Renewable support, intermittency and market power : an equilibrium investment approach

Darudi, Ali; Weigt, Hannes - 2019

Renewable energy sources (RES) play an increasing role in many electricity systems thanks to climate and support policies and subsequent cost reductions in recent years. Compared to conventional generation technologies, RES has two main important distinctive features: First, their cost pattern...

Persistent link: https://www.econbiz.de/10012007426

Concept analysis

Sarfati, Mahir; Hesamzadeh, Mohammad Reza; Holmberg, Pär - 2018

This paper is part I of a two-part paper. It proposes a two-stage game to analyze imperfect competition of producers in zonal power markets with a day-ahead and a real-time market. We consider strategic producers in both markets. They need to take both markets into account when deciding what to...

Persistent link: https://www.econbiz.de/10011943355

Strategic investment, forward markets and competition

Aichele, Markus - 2014

I model the strategic interaction between firms, that face decisions on investment, forward contracts and spot market quantities. For an investment decision that takes place after firms have contracted forward but before firms compete on the spot market (medium term investment), competition...

Persistent link: https://www.econbiz.de/10010426046

Chapter 15 Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

Persistent link: https://www.econbiz.de/10014023495

Tacit collusion under fairness and reciprocity

İriş, Doruk; Santos-Pinto, Luís - In: Games 4 (2013) 1, pp. 50-65

actions (positive reciprocity). We find that collusion is easier to sustain when firms have a concern for reciprocity towards …

Persistent link: https://www.econbiz.de/10009753710

Choosing whether to compete : price and format competition with consumer confusion

Crosetto, Paolo; Gaudeul, Alexia - 2014

We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...

Persistent link: https://www.econbiz.de/10010433911

Fighting collusion by permitting price discrimination

Helfrich, Magdalena; Herweg, Fabian - 2016

We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …

Persistent link: https://www.econbiz.de/10011434582

Endogenous information disclosure in experimental oligopolies

Kopányi, Dávid; Kopányi-Peuker, Anita - 2015

difference in average total outputs across data aggregation and information settings. However, we observe more collusion when …

Persistent link: https://www.econbiz.de/10010530643

Forward trading and collusion in supply functions

Wölfing, Nikolas - 2019

This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …

Persistent link: https://www.econbiz.de/10011968922